Oklahoma Statutes (Last Updated: September 18, 2014)

§ 36-4079. Purchase of annuities authorized.

Latest version.

A qualified charitable organization may use a portion of the money or property received in exchange for a qualified charitable gift annuity to purchase an annuity upon the life of the annuitant of the qualified charitable gift annuity from an insurance company qualified to transact a business of insurance in this state.

Added by Laws 1998, c. 141, § 9, emerg. eff. April 21, 1998.

                    
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